Huatai Review on Lenovo's Q2 Performance: Continuously Unleashing the Growth Potential of Hybrid AI, Maintaining the target price of HK$14.

Recently, Lenovo Group announced its 2QFY26 performance: the company's revenue was 20.452 billion US dollars, an increase of 14.6% year-on-year; non-HKFRS net profit was 512 million US dollars, an increase of 25.2% year-on-year; net profit attributable to shareholders was 340 million US dollars, a decrease of 5.1% year-on-year, with non-cash fair value gains related to warrants amounting to 148 million US dollars, and nominal interest on convertible bonds of 28.47 million US dollars.